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20121201
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. it started with mr. monti's response criticism coming from officials about his renewed request for the prime minister post yesterday. he said this criticism was out of place. it was offensive not just for him, but also for all of the people in italy who have the freedom to vote. this morning, he did an interview with one of the channels here in italy and he said, i don't really care about this spread because the spread is based on fraud. that's the direct translation. meanwhile, if you take a look at the spread, they are moving higher again. 4.9%. italian equity markets are moving fractionally to the down side. so you've got mr. monti on the wire saying, yes, we should care about the spreads. we should care about the italian yields. but at the same time, italian people and investors must know that we still have a government in place. mr. monti is hitting back warning against the oversimplified promises that will be made during the election campaign. so we've got a become and forth and we should expect that to continue over the next couple of weeks. we will be speaking to one of the biggest c
of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is responsible for the crisis in italy. he should enjoy his pension. the reforms have to go on. >> in this from the marketplace, there is not much enthusiasm for a return of mr. berlusconi. >> we italians need to worry, not because of the current crisis. more because this idiot berlusconi is around. i hope it's a good smashed in the face. -- i hope he gets a good smash in the face. >> but berlusconi is a formidable campaigner. he will tell people that he will ease their economic agony. he will cut their taxes. some, at least, will like the sound of that. >> modern technology has given us medical advances once never imagined. britain is starting an ambitious new project. 100,000 patients with serious diseases are going to have their dna fully ampped in the hope that will help doctors develop new treatments. it is the f
previously. now, that's two months earlier. we knew that mr. monti, the technocrat prime minister was going to step down. his days were numbered, anyway. so this is just a change of the time frame. it's not a huge surprises in itself. the only surprise is the timing. markets are selling down somewhat this morning. banking stocks. but some of the economists we talked to here, they say, yes, we may see some volatility in the short-term, specifically over the next two months of campaigning because a lot of horse trading will be taking place, a lot of statements will be made which may rattle the markets, but the crux of the matter is this. if you look at opinion polls right now, as a democratic party under berlusconi, he will likely win this election. current opinion polls suggest that he will walk away with around 30%. berlusconi's party, anti-austerity, anti-german, would only walk around with around 16% of the votes. so that 16% gap will be very, very difficult to be made up just over the next two months. so that's why many people say that the earlier election date is actually positive for t
but a movement which benefits from voters' disenchantment with mr. berlusconi and mr. monty. he agrees with mr. berlusconi on one thing. he says spreads are all just based on speculation. >> translator: the spread is completely detached from the real economy. the spread is mental hallucination created by speculation in the banking sector because half of the italian debt is owned by foreign banks. these banks try to get high rate in order to earn more. so we are a victim of banking speculation, of both foreign and domestic banks. we shall detach from the real economy. we need to stop this vicious cycle of debt that is strangling us. >> reporter: many would argue it's the right time for mario monty to leave the political scene. would you agree? >> translator: he needs to disappear. he was, as the americans say, a bluff, a bubble, a bankruptcy curator. our country went bankrupt last year. half of the debt was in french and german banks. had we gone bankrupt last year, europe would have ended. so they sent in monty to manage the situation in order for the german and french banks to get their money
Search Results 0 to 3 of about 4